Fannie Mae-No Politics (FNMA)

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Old HedgeFund interview video reveals mechanics of “fakeNews”.

For anyone who wants a glimpse into exactly how big funds manipulate the news, check out this video. And then, Whenever you see sketchy WSJ or Bloomberg or CNBC articles, tv segments, or other pieces, think back about what you learned from this video. If you understand what really goes on, you can watch news with the knowledge that almost anything you see presented could be fake, or heavy heavy spin. And the art of the successful “faking” or “spinning” is always in the subtlety of it. The writer, editor, or on-screen teleprompter-reader will, instead of coming out and saying what their behind the scenes influencers want them to say or write, they’ll simply ask a couple of questions and maybe leave them unanswered. Or they’ll make a fleeting, innocent joke about the stance they oppose. Or talk in a tone of voice that suggests there’s nothing to the other view and it’s not worth the air time to give it consideration. In this GSE case, they might refer to it as a “government owned company” or refer to how they “needed a bailout from the taxpayers”. Ask yourself whether the people saying or writing those things are one of the reliable hand-maidens of the big funds or big banks, as is clearly just one of the tactics explained in the video. No go re-read the bloomberg article, or any of Carney’s “work”’on the GSEs, or some of the people posting on this board, probably. What? Are we to think the funds and banks don’t have an interest in sewing the kind of confusion and rancor we sometimes see here? If you were the big TBTF banks, wouldn’t YOU make a huge effort to spread that kind of despair and disinfo about the GSEs anywhere and everywhere whenever possible? There are trillions of dollars at stake in this battle and in the mortgage security industry. How many of those bubble headed teleprompter readers on financial TV do you think have really read the original source documents on the issues or companies they cover? Conversely, how many of them have a network of connections/friends/funds that feed them info and steer their reporting, possibly even in exchange for a variety of favors. My guess is that that number’s a LOT higher than the number who really fully understand what they’re covering when they talk in front of the camera every day.